Randstad earnings meet expectations, sales growth steady

Randstad the second largest staffing agency, on Tuesday reported 11 percent higher core earnings in the second quarter and said volumes in early July indicated stable growth.

Underlying earnings before interest, taxation and amortisation (EBITA) reached about 240 million euros ($264.26 million) in the latest period, compared with 215 million a year earlier, marginally ahead of market expectations.

Analysts polled for Reuters had expected underlying EBITA of 237 million euros on sales of 5.13 billion euros.